Life & Disability Group Insurance Underwriter

Davita Inc.; Halifax Regional Municipality; Hybrid; CAD 95,000 - 163,000; Full time

Job summary

Join a leading company as an Underwriter, where you'll play a key role in determining plan designs and rates for employer group clients. Your work will minimize risk while optimizing profit, backed by a comprehensive benefits package and a supportive hybrid working environment. You'll have the chance to mentor others while collaborating with various teams to evaluate group characteristics and determine appropriate insurance rates.

Benefits

Comprehensive insurance benefits

Adoption assistance

Student loan repayment programs

Qualifications

• 5+ years of Group Life, Accident, Long Term Disability underwriting.
• Strong interpersonal and communication skills.
• Thorough knowledge of risk factors influencing market conditions.

Responsibilities

• Perform case-specific risk analysis to develop premium rates.
• Develop strategic recommendations on products and pricing.
• Mentor and train less tenured underwriters.

Skills

Risk analysis

Communication skills

Time management

Education

Bachelor's degree or equivalent work experience

Job description

Job Requisition ID:91290

Location Designation:Hybrid - 3 days per week

Group Benefit Solutions deliverscomprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of beingthere when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.

The Group Benefit Solutions Underwriting Organization partners with Sales, Client Management, Pricing, Risk Management, and other business partners to evaluate and manage risk. We are responsible for analyzing employer group characteristics and plan designs to determine the appropriate rates for Life, Accident, Disability and Absence products. One of our key priorities is to manage the growth and profitability of our portfolio, through new business sales and persistency of our inforce book of business. Our team also includes the Medical Underwriting organization that evaluates the risk of individual applications for Life and Disability coverage, as well as our UW Operations organization that helps to drive efficiency and productivity in our process.

As an Underwriter, you will use your knowledge and expertise to determine plan designs and rates for our employer group clients minimizing risk and optimizing profit in the process.You will evaluate and interpret data from numerous sources, including group demographics, industry research, and other actuarial tools, to develop a risk analysis of each employer group.You will consult with sales reps and brokers to explain your analysis and work together with them to balance risk and profits.You will have opportunities for other projects outside the risk assessment portion of your job, such as processes for efficiency or acting as a trainer or mentor to other underwriters.

What You'll Do:

• Perform case specific risk analysis to develop appropriate premium rates for a given risk to support the market's growth and profitability goals
• Responsible for account level rate development and conducting customer negotiations with Sales on a more complex book of business
• Develop strategic recommendations related to market competition, products, and pricing
• Manage an assigned book of business, focused on attaining profitable growth, persistency, and earnings
• Partner with sales department and brokers to deliver customer presentations and acts as financial consultant on case-specific issues
• Influence underwriting best practice and provides input to matrix partners on product development and pricing
• Mentor and train less tenured underwriters. Help increase their understanding of risk management & underwriting, maintaining focus on technical knowledge and competency skill development
• Act as a trusted resource and technical expert to team and matrix partners

What You'll Bring:

• Bachelor's degree or equivalent work experience required
• 5+ years of Group Life, Accident, Long Term Disability, Short Term Disability, and Absence underwriting, or other relevant experience required
• Demonstrated knowledge of large employer groups with multi-carrier product offerings and awareness of the drivers of a marketing outside of group insurance specific dynamics
• Thorough knowledge of risk factors that influence market and competitive conditions
• Ability to make effective decisions based on strong knowledge of all financial and risk levels, both internal and external
• Strong time management skills, highly organized, detail oriented
• Ability to foster strong working relationships
• Strong interpersonal and communication skills
• Ability to communicate complex ideas, persuade and negotiate effectively
• Ability to lead discussions and deliver external presentations and analysis to a diverse client base

#LI - EM1

#LI - HYBRID

Pay Transparency

Salary range:$95,000-$162,500

Overtime eligible:Exempt

Discretionary bonus eligible:Yes

Sales bonus eligible:No

Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location.In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Job Requisition ID:91290

#GBS